New Elite Card (9/8/2006)

FULL STORY:

MasterCard has taken its "World MasterCard" to a new level with the introduction of the "World Elite MasterCard." The first card is being issued by HSBC on behalf of Saks Fifth Avenue. The "Saks Fifth Avenue World Elite MasterCard" will debut next week with applications available at all Saks Fifth Avenue locations in mid-October. The new card offers up to 6% back on Saks Fifth Avenue purchases and 1% back on all other purchases. Customers' points will be converted automatically into Saks gift cards. The card also offers access to the Virtuoso travel network; complimentary companion tickets with the purchase of full fare "Business Class" tickets for international travel; tailored shore excursions and private cocktail receptions on four cruise lines; preferred rates at more than 650 hotels plus value-added amenities such as complimentary daily breakfast for two, room upgrades, late check-in, late check-out, hotel dining credits and customized offerings that are unique to the destination and VIP status; complimentary subscriptions to travel publications; special event access and tickets to performing arts and theater events; and airport lounge access for a nominal fee. Pre-registration for a card application is available immediately for current Saks Fifth Avenue private label cardholders as well as for all new customers. For more information visit: http://www.saks.com.